JP Morgan Maintains Overweight on Sonic Automotive, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta maintains an Overweight rating on Sonic Automotive (NYSE:SAH) and raises the price target from $63 to $75.
September 10, 2024 | 2:55 pm
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POSITIVE IMPACT
JP Morgan has reaffirmed its Overweight rating on Sonic Automotive and increased the price target from $63 to $75, indicating a positive outlook.
The increase in price target from $63 to $75 by JP Morgan suggests a strong positive outlook for Sonic Automotive. The Overweight rating indicates that the analyst expects the stock to outperform its peers. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100